Construction Industry during Disasters

The cost of natural disasters to infrastructures, lives, property and livelihood have skyrocketed in the last few decades, as the world’s population has grown and people have started residing in areas that are vulnerable to natural hazards. The most successful way to mitigate loss of life and property is to create buildings that are disaster resistant. Axis Capital Group, a construction company based in Singapore with a branch in Jakarta, Indonesia, also experienced great loss when natural hazards hit just like any other construction companies and other businesses.